Leonardo Gambacorta

Leonardo Gambacorta

Head, Innovation and the Digital Economy
Monetary and Economic Department

Leonardo Gambacorta is the Head of the Innovation and the Digital Economy unit at the BIS. Before taking up his current position, Leonardo was Research Adviser (2014-2018) and Head of Monetary Policy (2010-12) in the Monetary and Economic Department. Previously, he was Head of the Money and Credit Unit (2007-09) and Head of the Banking Sector Unit (2004-06) of the Research Department of the Bank of Italy. He was a visiting scholar at the National Bureau of Economic Research (2002-03). He holds an MSc in Economics from the University of Warwick and a PhD in Economics from the University of Pavia. His main interests include monetary transmission mechanisms, the effectiveness of macroprudential policies in curbing systemic risk, and the effects of technological innovation on financial intermediation. He is a research fellow of the Centre for Economic Policy Research.

Fields of interest

  • Finance
  • Monetary policy
  • Central banking

89 items
Forthcoming
Data vs collateral

by Han Qiu, Leonardo Gambacorta, Yi Huang and Zhenhua Li

in Review of Finance
Forthcoming
Do macroprudential policies affect non-bank financial intermediation?

by Francesco Manaresi, Giulio Cornelli, Leonardo Gambacorta, Shiina Yasushi and Stijn Claessens

in International Journal of Central Banking
Forthcoming
Operational and cyber risks in the financial sector

by Iñaki Aldasoro, Leonardo Gambacorta, P Giudici and T Leach

in International Journal of Central Banking
Forthcoming
Does gender diversity in the workplace mitigate climate change?

by Alessio Reghezza, Giulio Velliscig, Leonardo Gambacorta and Yener Altunbas

in Journal of Corporate Finance
March 2022
The cost of steering in financial markets: Evidence from the mortgage market

by A Pozzi, A Tsoy, L Guiso, Leonardo Gambacorta and P E Mistrulli

in Journal of Financial Economics
October 2022
On the nexus between wealth inequality, financial development and financial technology

by Jon Frost, Leonardo Gambacorta and Romina Gambacorta

in Journal of Economic Behaviour & Organization
August 2022
Platform-based business models and financial inclusion: policy trade-offs and approaches

by Karen Croxson, Leonardo Gambacorta and Tommaso Valletti

in Journal of Competition, Law & Economics
August 2022
Central Bank Digital Currencies: Motives, Economic Implications, and the Research Frontier

by Cyril Monnet, Hyun Song Shin, Jon Frost, Leonardo Gambacorta, Raphael Auer and Tara Rice

in Annual Review of Economics
June 2022
The drivers of cyber risks

by Iñaki Aldasoro, Leonardo Gambacorta, P Giudici and T Leach

in Journal of Financial Stability
March 2022
How do Asian central banks use big data? Insights from an Irving Fisher Committee survey

by Bruno Tissot, G Cornelli, Leonardo Gambacorta and S Doerr

in SUERF Policy Brief